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Shares of
TerraForm Power IncTERP were trading higher by more than 4 percent after Friday's market open as a major investor disclosed an increased stake in the company.
David Tepper's Appaloosa Capital
revealed in a regulatory filing that it has increased in stake in Terraform to 10.88 percent from a prior 9.5 percent.
Appaloosa Capital's increased stake comes at a time when shares of Terraform have lost more than 30 percent since the start of 2016 and around 75 percent over the past year.
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